Japanese stocks open on a firm note as investors are upbeat about domestic earnings expectations and solid US consumer data, with rapidly easing concerns about tariffs also aiding sentiment.
The Topix Index rose 0.1% to 3,124.34 as of 9:06 a.m. Tokyo time
The Nikkei advanced 0.3% to 43,844.57
Toyota Motor Corp. contributed the most to the Topix Index gain, rising 1.2%. Out of 1,679 stocks in the index, 793 rose and 743 fell, while 143 were unchanged.
Hideyuki Ishiguro, chief strategist at Nomura Asset Management, said earnings estimates for the next 12 months in both the US and Japan have been especially notable recently, making both stock markets attractive to investors.
Source: Bloomberg
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